United States Wood Plastic Composites Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 12.01% from 2023 to 2033
• The U.S. Wood Plastic Composites Market Size is Expected to hold a significant share by 2033

The US Wood Plastic Composites Market is Anticipated to hold a significant share by 2033, growing at a CAGR of 12.01% from 2023 to 2033.

Market Overview

Timber and recycled plastic are combined to create wood plastic composite, which is a panel or timber substitute. Comparing wood plastic composites to classic wood composites like particleboard or fibreboard, which have a lengthy history, is like comparing apples to oranges. In the United States, wood-plastic composites are commonly used. Recycled plastics and flour-sized wood particles are combined to create them. WPCs may also include various lignocellulosic and/or inorganic filler elements in addition to plastic and wood fiber. WPCs are a subset of a broader class of materials known as natural fiber plastic composites (NFPCs), which may or may not include fiber fillers made of cellulose, such as pulp fibers, digestate, coffee husk, peanut hulls, bamboo, straw, etc. Typically, WPC is made up of a blend of wood flour or fibers from several sources, such as sawdust, wood chips from chopped tree trunks, and leftovers from agriculture. Thermoplastic polymers like PVC, polyethylene, and polypropylene are mixed with these natural fibers to serve as a matrix and keep the wood fibers together.

Report Coverage

This research report categorizes the market for United States Wood plastic composites market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the U.S. Wood plastic composites market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US Wood plastic composites market.

Driving Factors

Considering the lengthy history of using natural lumber as a building material, WPCs are still relatively new. In North America, outdoor deck flooring are the most common application for WPCs; other applications include railings, fences, landscaping timbers, cladding and siding, park benches, molding and trim, prefabricated homes sold as Woodpecker WPC, window and door frames, and interior furnishings. Additionally, WPC made of polyethylene is extremely resilient to external elements like humidity, UV rays, and temperature fluctuations. Because of its exceptional dimensional stability and low deterioration, this property makes it perfect for outdoor applications. Furthermore, in comparison to genuine wood, the composite material made of fibers from wood and polyethylene is stronger and durable. This material ensures that the finished product will last for a long time and is susceptible to decomposition and insect damage.

Restraining Factors

Products may not survive as long as they should because of excessive heat or rain. Wood-plastic composites melt in hot weather and become more prone to fungus development on their surface when there is too much moisture present.

Market Segmentation

The US Wood plastic composites market share is classified into type and application.

• The polyvinylchloride segment is anticipated to hold a significant share of the U.S. Wood plastic composites market during the forecast period.       

Based on the type, the United States Wood plastic composites market is divided into polyethylene, polyvinylchloride, and propylene. Among these, the polyvinylchloride segment is anticipated to hold a significant share of the U.S. Wood plastic composites market during the forecast period. Plastics that may be repeatedly melted include polyvinyl chloride, or PVC. At a specific temperature, it turns soft, and when it cools, it solidifies. The wood-plastic composites industry is dominated by products made of polyvinyl chloride.

• The building & construction segment is anticipated to hold a significant share of the United States Wood plastic composites market during the forecast period.       

Based on the application, the US Wood plastic composites market is divided into building & construction, automotive components, and industrial & consumer goods. Among these, the building & construction segment is anticipated to hold a significant share of the United States Wood plastic composites market during the forecast period. The market is anticipated to expand as a result of the growing demand for different wood products made of plastic in construction applications, particularly for decking.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the US Wood plastic composites market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Trex Company Inc.
• The Azek Company Inc.
• Fiberon
• Oldcastle APG (a CRH Company)
• CertainTeed Corporation
• UFP Industries, Inc.
• Axion Structural Innovations LLC
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, AZEK, the industry-leading manufacturer of beautiful, low-maintenance, and environmentally sustainable outdoor living products, announced a new suite of offerings from its TimberTech®, AZEK Exteriors®, and StruXure™ brands. This included the debut of an innovative aluminum framing product, new decking and porch colors, expanded railing offerings, a new siding product, and a Cabana X® model that became available with a modular design.

Market Segment

This study forecasts revenue at the U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Wood Plastic Composites Market based on the below-mentioned segments:

United States Wood Plastic Composites Market, By Type

• Polyethylene
• Polyvinylchloride
• Propylene

United States Wood Plastic Composites Market, By Application

• Building & Construction
• Automotive Components
• Industrial & Consumer Goods